Question: Help with Answer A B n C please Dan receives a duplex as a gift from his uncle. The unde's basis for the duplex and

Help with Answer A B n C please

Dan receives a duplex as a gift from his uncle. The unde's basis for the duplex and land is $80,000. At the time of the gift, the land and building have FMVs of $40,000 and $60,000, respectively. No gift tax is paid by Don's uncle at the time of the gift. Requirements To determine gain, what is Dan's basis for the land? To determine gain, what is Dan's basis for the building? Will the basis of the land and building be the same as in Parts a and b for purposes of determining a loss? Requirement To determine gain, what is Dan's basis for the land? (Do not round intermediary calculations. Only round the amount you input in the ceil to the nearest dollar.)

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